Press Release

The Bank of New York Selected as Depositary Bank by Randgold Resources Limited

NEW YORK, November 7, 2005 - The Bank of New York, a global leader in securities servicing, has been selected by Randgold Resources Limited as depositary bank for the global offering of its new American depositary receipts (ADRs). Each Randgold Resources ADR represents one ordinary share. The ADRs trade on the Nasdaq National Market under the symbol "GOLD," and the ordinary shares trade on the London Stock Exchange.

Randgold Resources is an international gold mining and exploration business, incorporated in the Channel Islands in 1995, listed on the London Stock Exchange (RRS) in 1997 and on Nasdaq (GOLD) in 2002. The company’s activities are focused on west and east Africa, with mines at Morila and Loulo in Mali, a development project at Tongon in Côte d’Ivoire, and a portfolio of exploration projects and permits across Africa in Mali, Ghana, Côte d’Ivoire, Senegal, Tanzania and Burkina Faso.

The Bank of New York acts as depositary for more than 1,200 American and global depositary receipt programs, a 65% market share, acting in partnership with leading companies from 60 countries. With an unrivalled commitment to helping securities issuers succeed in the world’s rapidly evolving financial markets, the Bank delivers the industry’s most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.adrbny.com.

The Bank of New York has been conducting business in the Middle East and Africa for nearly 100 years. The Company has representative offices in Abu Dhabi, Beirut, Cairo, Istanbul, and Johannesburg, and works with a wide range of banks, governments, and other financial institutions throughout the region.

The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.

The Bank of New York provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.

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